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A, B and C sharing profits in the ratio 3:2:1 respectively. C wants that profits be shared
equally and it should be applicable retrospectively from the last three years. Other partners
have no objection to this. Profits for the last three years were Rs 1,20,000, Rs 94,000 and Rs
1,10,000 respectively. Record adjustment that means of a journal entry and show the
working notes.
Sagot :
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